Corporate GovernanceJul 13, 2026, 04:52 PM
Oil States Amends CEO Severance Agreement
AI Summary
Oil States International, Inc. and its President and CEO, Lloyd A. Hajdik, entered into an amendment to his Executive Agreement on July 9, 2026. This amendment restructures the calculation of severance benefits payable upon certain qualifying termination events. Under the revised terms, Mr. Hajdik would receive 3.0 times the sum of his Termination Base Salary and Target AICP if terminated within 24 months following a Change of Control, or 1.5 times if terminated without Cause outside that period.
Key Highlights
- Amendment to Executive Agreement for President and CEO Lloyd A. Hajdik.
- Restructures calculation of severance benefits for qualifying termination events.
- Severance of 3.0x base salary + target AICP if terminated within 24 months of Change of Control.
- Severance of 1.5x base salary + target AICP if terminated without Cause outside Change of Control period.
- All other terms of the original Executive Agreement remain in effect.
- Amendment became effective on July 9, 2026.
Price Impact
More from OIS